Hey everyone! I just had a quick question regarding different answers in Wiley and Becker. I've been using Becker to study, but for my review I have been using some of the Wiley multiple choice (Jan 2015 edition) for extra practice.
How does an auditor make the following representations when issuing the standard auditor's report on
comparative financial statements under U.S. auditing standards?
answer (implicit) or (explicit)
1. examination of evidence on a test basis
2. consistent application of accounting principles
Becker states the answer is Implicit, Implicit. However, Wiley states the answer is Explicit, Implicit.
I understand that Consistent Application of Accounting Principles is Implicit, however I thought the Examination of Evidence on a test basis had to be Explicitly stated. I am just unsure of what the answer actually is. If anyone could offer any insight on this it would be appreciated.